Tata Chemicals, incorporated in the year 1939, is a Mid Cap company (having a market cap of Rs 26316.32 Crore) operating in Chemicals sector.
Tata Chemicals key Products/Revenue Segments include Salt, Others, Refined Sodium Bicarbonate and Specialty Chemicals for the year ending 31-Mar-2021.
For the quarter ended 31-03-2022, the company has reported a Consolidated Total Income of Rs 3586.91 Crore, up 12.77% from last quarter; Total Income of Rs 3180.66 Crore and up 32.81% from last year same quarter. Company has reported net profit after tax of Rs 421.41 Crore in latest quarter.
The stock appreciated at 55% CAGR in last three years. The brokerage revised its rating on the stock from HOLD to BUY due to better soda ash pricing environment.
Key triggers for future price performance:
- Improvement in the soda ash pricing environment bodes well for future growth outlook
- Revival in export demand for North America unit to sustain group performance
- Higher share of speciality business to command better valuations for the overall group
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